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Stephane,
There's something on this link.
<A
href="">http://trader.online.pl/MSZ/e-st-Automatic_Support_and_Resistance.html
DusantChief Architect<A
href="">http://www.candlestrength.com/
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=Stephane.Goria@xxxxxxxxxx
href="">Stephane Goria
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
; <A title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, May 24, 2004 2:13 PM
Subject: [EquisMetaStock Group] Support
and resistance help needed
<SPAN
>Hi,
<SPAN
>
<SPAN lang=EN-GB
>Being a long time user of
Metastock Pro, i am still not satisfied with support and resistance indicators
supplied by Equis.
<SPAN lang=EN-GB
>So, I thought to program a little
and finally wrote this little routine for finding eventual resistance (inverse
routine should be done to find supports).
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>My philosophy is that a support is
the extrem points the price have touched like a bouncing ball. So my work is
scanning for 10 levels above the actual price to find eventual resistance
since the beginning of the day.
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>My wonder is that this routine
needs to be ehanced by several points :
<SPAN lang=EN-GB
>
<FONT
face=Arial size=2><SPAN lang=EN-GB
>-<FONT face="Times New Roman"
size=1><SPAN
>
<SPAN lang=EN-GB
>Actually, it displays only the
resistance wich shows the maximum bounce on price, because i was not bale to
program a “sort” routine.
<FONT
face=Arial size=2><SPAN lang=EN-GB
>-<FONT face="Times New Roman"
size=1><SPAN
>
<SPAN lang=EN-GB
>Maybe it would be interested to
integrate the volume associated with these points.
<FONT
face=Arial size=2><SPAN lang=EN-GB
>-<FONT face="Times New Roman"
size=1><SPAN
>
<SPAN lang=EN-GB
>A perfect work would be to abe
able to build a database but I guess it is not possible under Metastock
language avoiding to scan only 10 prices....
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>Here is the routine, if somebody
has ideas to ehance it...
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>Regards
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>Stephane
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>inc:=
<SPAN lang=EN-GB
>1;{Inc is your minimal price
increment, it is set to 1 because i was working with this formula for DJ euros
Stoxx, it would be set to 0.25, for example, if used to SP500 future
etc...}
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>yy:=
<SPAN lang=EN-GB
>BarsSince(ROC(DayOfMonth(),1,points)>=1)+1;
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>C1:=
<SPAN lang=EN-GB
>LastValue(Ref(C,-1));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS1:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*1)) OR
L=LastValue(C1-(inc*1)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS2:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*2)) OR
L=LastValue(C1-(inc*2)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS3:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*3)) OR
L=LastValue(C1-(inc*3)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS4:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*4)) OR
L=LastValue(C1-(inc*4)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS5:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*5)) OR
L=LastValue(C1-(inc*5)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS6:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*6)) OR
L=LastValue(C1-(inc*6)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS7:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*7)) OR
L=LastValue(C1-(inc*7)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS8:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*8)) OR
L=LastValue(C1-(inc*8)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RS9:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*9)) OR
L=LastValue(C1-(inc*9)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>RSA:=
<SPAN lang=EN-GB
>Sum(H=LastValue(C1-(inc*10)) OR
L=LastValue(C1-(inc*10)),LastValue(YY));
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>Resist
:=Max(Max(Max(Max(Max(Max(Max(Max(Max(RS1,RS2),RS3),RS4),RS5),RS6),RS7),RS8),RS9),RSA);
<SPAN lang=EN-GB
>
<SPAN lang=EN-GB
>If(resist=RS1,LastValue(C1-(inc*1)),
<SPAN lang=EN-GB
>If(resist=RS2,LastValue(C1-(inc*2)),
<SPAN lang=EN-GB
>If(resist=RS3,LastValue(C1-(inc*3)),
<SPAN lang=EN-GB
>If(resist=RS4,LastValue(C1-(inc*4)),
<SPAN lang=EN-GB
>If(resist=RS5,LastValue(C1-(inc*5)),
<SPAN lang=EN-GB
>If(resist=RS6,LastValue(C1-(inc*6)),
<SPAN lang=EN-GB
>If(resist=RS7,LastValue(C1-(inc*7)),
<SPAN lang=EN-GB
>If(resist=RS8,LastValue(C1-(inc*8)),
<SPAN lang=EN-GB
>If(resist=RS9,LastValue(C1-(inc*9)),
<SPAN lang=EN-GB
>LastValue(C1-(inc*10)))))))))))
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